Search Results for: earnings

S&P 500 Quarterly Earnings Growth S&P 500 earnings growth is set to accelerate from 25% in Q1 to 34% in Q2, a pace rarely seen outside the early stages of an economic recovery. Image: Deutsche Bank Asset Allocation

Earnings Surprises of S&P 500 Companies Earnings season is repeating the same refrain: corporate profits are still resilient. 64% of S&P 500 companies have beaten Q2 estimates by at least one standard deviation, while only 8% have missed. Image: Goldman Sachs Global Investment Research

Large Cap MCG & Tech Positioning vs. Earnings Revisions Large-cap tech companies have seen upward earnings revisions, but positioning remains only modestly overweight at the 54th percentile. That gap to fundamentals leaves some air for a catch-up trade. Image: Deutsche Bank Asset Allocation

Proportion of S&P 500 Beating Earnings Estimate There’s no sign of cracks in earnings momentum. Almost 88% of S&P 500 companies are beating earnings estimates, with the beat rate running well ahead of the 74% long-term average. Image: Deutsche Bank Asset Allocation

Aggregate Earnings Surprise – S&P 500, Nasdaq 100, Philly Semiconductors, Bloomberg AI Value Chain The S&P 500 just posted its strongest earnings season in years, powered by AI-driven profits. When the index beats estimates by this much, investors are more comfortable paying rich valuations. Image: Bloomberg

Valuation – Shiller Cyclically-Adjusted S&P 500 Price-to-Earnings Ratio On the Shiller CAPE, U.S. stocks are back in the stratosphere, the kind that thrills investors on the way up and has a habit of burning them on the way down. Levels like this have a track record of slimmer returns and higher risk. Image: Goldman Sachs…

Change in S&P 500 Quarterly Earnings Consensus Unlike the usual pattern of downward revisions during the season, S&P 500 earnings estimates turned out to be too conservative. Third-quarter numbers are now moving higher, a positive sign for earnings momentum. Image: Deutsche Bank Asset Allocation

MCG & Tech vs. The Rest Earnings Growth Earnings growth for MCG and Tech is expected to keep accelerating from already lofty levels, while profits for the rest of the S&P 500 are projected to rise 14.3%, contributing 9.1 percentage points to overall growth. Image: Deutsche Bank Asset Allocation

Semiconductor Earnings vs. Hyperscaler Free Cash Flows Semiconductor earnings are riding the AI capex wave, but hyperscaler free cash flow is taking a hit as spending on chips, data centers, and networking accelerates. Image: Goldman Sachs Global Investment Research

S&P 500 vs. Russell 2000 – YTD Change in Price, Earnings, and Valuation The S&P 500’s year-to-date total return has been driven entirely by earnings growth, while the Russell 2000’s advance has come roughly half from multiple expansion and half from earnings growth. Image: Goldman Sachs Global Investment Research

S&P 500 Consensus Earnings Growth Expectations Analysts have rarely been this bullish on S&P 500 earnings heading into Q2 2026, a level typically seen only after recessions or at the start of a new cycle. Image: Deutsche Bank Asset Allocation